archiveJuly 12, 2016

The Chartered Institute of Bankers of Nigeria (CIBN) has inaugurated new committees of council, in a bid to see to the administration of the general affairs of the institute. The new committee will be reporting directly to the Governing Council of the institute with the immediate tasks of repositioning of...

The African Development Bank (AfDB) and the African Securities Exchanges Association (ASEA) signed a 5-year Memorandum of Understanding (MoU) to amplify the impact of their strategically aligned joint efforts to promote resources mobilization to fund Africa’s economic growth. This MoU will provide a collaborative framework for harmonizing and coordinating the...

Following the financial crisis that is ravaging the economy, Nigerians are now sacrificing their insurance budget to meet more immediate needs, a development experts said could mean sitting on a gun powder. ABDUL-KHALIQ OLALEKAN writes. Worldwide, insurance has been seen as the last hope of the common man. This is...

Importers and freight forwarders in the umbrellas of Shippers Association Lagos State (SALS) and the National Association of Government Approved Freight Forwarders (NAGAFF) are worried over the sudden increase in Customs duty at the ports and borders. While the SALS expressed the fear that importers and exporters may abandon their...

Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) of eight Nigerian commercial banks and affirmed the Viability Ratings (VR) of all the banks. The Outlook on the Long-Term Foreign Currency IDR of one of the banks, Guaranty Trust Bank (GTB), has been revised to Stable from Negative due to...